As a result of the recurrent financial instability of the market, the practice and purchase of second hand yachts has become increasingly popular, especially with respect to yachts that do not exceed 24 meters in length. When purchasing a second hand yacht the prospective owner has to ensure and survey the quality of the yacht. Furthermore it is important to delve into the history of the yacht and its previous operations. It is desirable that the yacht is provided with all necessary documentation relevant to its operation.
Legal consultation will be required when making appropriate investigation of the title of ownership of the yacht and ensuring that there is no pending registered encumbrance on the yacht which will be passed onto the prospective buyer.
Bencini Demajo prides itself to be in a position through its legal expertise to offer adequate consultation and assistance to yacht owners and consultants in the industry.